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Many people are now looking at renting as a serious alternative to buying their own property; it is a more flexible option, especially to those who need to move with their job.
To own or to rent is a major question when thinking of where to live, owning a property was once the choice of many, but this is no longer the case.
The rising house prices have significantly increased the number of people choosing to rent rather than buy.
The easing of legislation governing the letting of residential property has been another factor in the growth of the property market. This is attracting people with properties that could be let, as well as people who buy property as an investment. The increase in the home letting market has created a need for specialist companies who understand residential letting, legislation, rent levels and everything that makes a tenancy work well for the landlord and the tenant. THE AGENCY is such a company.
Whether you are letting your property for the first time or not, there are always questions at the back of your mind such as: “What if they don’t pay?”
“What if I’m ill and can’t collect the rent?”
“What if they damage my property?”
“How do I deal with sitting tenants?”
“What if they lose their job?”
“How do I deal with squatters?” These are some of the questions that we all ask from time to time, their solutions are always costly and time consuming, often resulting in disappointment and unsatisfactory compromises. The following is a general guide:
Q: How long should I let my property for?
Generally, the shortest time is for 6 months, however you can recommend an initial 12 month term.
Q: Do I need to have insurance for the property?
You must have a buildings insurance policy, but be sure that the policy covers the tenants. The tenant will normally take out their own contents insurance.
Q: How quickly will my property be let?
We have a database of vetted clients, currently looking for suitable properties to become available. When a tenant is found, we aim to have the property occupied within a SEVEN day period.
Q: What type of tenants will they be?
We have an open mind as to whom we deal with. Any tenant that qualifies for a tenancy will only do so, following a rigorous vetting procedure. Only with your approval will the tenant move in.
Q: How much rent will my property be worth?
THE AGENCY closesly monitor market trends, and our rental valuations are free. We always endeavour to secure the best rental value.
Q: What’s next?
You need to contact us. Remember, we operate a ‘no let no fee’ policy that allows us to immediately market your property. The agency prides itself on being ‘user friendly’ and as such is available for late night / weekend viewings to accommodate for working tenants.
THE AGENCY has a comprehensive list of contacts, allowing us to help you with your requirements for:
• Cleaners
• Maintenance Staff
• Repair Staff
• Credit Checks
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